FAQs
About the Company
What is Take Capital for Traders?
Created by traders and for traders, Take Cap FT seeks to find professional traders through assessments called challenges. We provide a simulation environment and the resources needed to evaluate and guide participants’ performance in demo accounts.
Who can become a trader on our evaluation platform?
Anyone aged 18 or over can become a trader by participating in the challenges.
We do not require any qualifications or previous experience, but we do reject anyone with links to financial crime or terrorism. Those who have violated our terms are also rejected.
For legal and political reasons, people from some regions are not allowed to participate: Afghanistan, Antarctica, Antigua and Barbuda, Australia, Belarus, Belize, Burundi, Bhutan, Cape Verde, Chad, Comoros, Congo, Crimea, Cuba, Djibouti, Dominica, Donetsk, Eritrea, Eswatini, Fiji, Gabon, Grenada, Guinea, Equatorial Guinea, Guinea-Bissau, Gambia, Bouvet Island, Cook Islands, Marshall Islands, Solomon Islands, India, Indonesia, Iraq, Iran, Kherson, Kiribati, Kosovo, Lesotho, Liberia, Luhansk, Malawi, Mali, Mauritania, Myanmar, Micronesia, Nauru, Niue, Niger, Papua New Guinea, Kyrgyzstan, Russia, Russian Federation, Samoa, San Marino, Saint Lucia, Holy See (Vatican), Sevastopol, United States of America, Seychelles, Sierra Leone, Somalia, Sudan, South Sudan, Suriname, Saint Barthélemy, Sao Tome and Principe, Saint Vincent and the Grenadines, Syria, Tajikistan, East Timor, Tokelau, Tonga, Turkmenistan, Tuvalu, Uzbekistan, Vanuatu, Venezuela, Zaporizhzhia.
Where is the company located? How can I contact the company?
The company is located in Nevis, at Hunkins Waterfront Plaza, Suite 556, Main Street, Charlestown, Nevis
You can also contact them by email at support@takecapft.com
Who is the legal owner of the challenge accounts used by traders?
Challenge accounts and their virtual capital are the legal property of Take Capital for Traders.
What are the legal relationships and KYC instructions?
You must use your legal name to trade. The account must be registered under the same name as your ID and payment information. Accounts with fake or alternate names will not pass the verification process and may be denied access to the simulated account.
After completing the challenge and verification, you will enter into a legal agreement with Take Capital for Traders, which will define the rights and obligations of both parties.
After passing verification, you will be able to enter your personal details on the Take Capital for Traders portal for review. Personal documents are usually verified within three business days.
All account holders must adhere to the terms set out in the Terms and Conditions signed when purchasing a Challenge. All customers are responsible for paying taxes applicable to their place of residence.
- Individual: Provide correct data: Make sure your personal information matches the official document. Incorrect data or missing documents may lead to KYC failure.
- Use official documents: Submit a valid government-issued document (e.g. Passport, Driver’s License, Residence Permit, or ID Card).
- Document Authenticity: Using someone else’s document or being underage will result in automatic KYC rejection
The Take Capital for Traders portal is intuitive and provides the necessary information. For further details or assistance, customer support is available: support@takecapft.com
Challenge Process
How does the challenge process work?
Our challenge process aims to test your trading skills in a simulated environment, ensuring that you can trade responsibly and manage risk. The challenge has two main phases, each with virtual performance targets and clear rules that you must follow to advance.
How does the first phase work?
In this first phase, the focus is on testing your skills and defining your style as a trader on a simulation account. To pass, you need to reach a virtual result target of 10%, without violating the established rules. In addition, a minimum of 3 positive days* are required to guarantee a complete assessment. Once you reach the target and follow the rules, you advance to the next phase.
*A day is considered positive when closed positions result in a positive virtual result of at least 1.0% of the simulated initial balance.
How does the second phase work?
Here, the results of the previous phase are confirmed in a new simulation account. The virtual result target is now 5%, and you will have to operate for at least 3 positive days*, always respecting the limits established in the rules. The focus is on showing consistency and discipline.
*A day is considered positive when closed positions result in a positive virtual result of at least 1.0% of the simulated initial balance.
Once the phases have been successfully completed, you will have the chance to become a Evaluated Trader after a detailed analysis of your performance in a simulated environment. To close the evaluation account contract, we will ask you to send the appropriate documents and complete the identity verification process (KYC). The contract depends on completing these steps in accordance with the company’s internal rules.
After approval, the amount paid to activate the challenge can be used as a discount on the purchase of another equal or greater challenge, or it can be made available as a credit for reward payment together with the first valid reward payment. It is not possible to choose both options simultaneously.
If the approved account is closed due to any type of violation of the rules, the discount or credit will be automatically invalidated and will expire.
After complying with the rules established in the terms of the agreement and due verification by the team, you will be entitled to a reward equivalent to 80% of the simulated results generated in the simulation account of the final phase as a evaluated trader.
What are the performance targets?
Two-Phase Challenge
First Phase: 10%
Second Phase: 5%
What are the types of drawdown?
Equity/Net Capital: The daily loss limit is reset based on the greater of the account balance or equity at 00:00 UTC
Static/Fixed: Loss limit does not change
Maximum Daily Loss Limit and Loss Limit:
Maximum Daily Loss (Equity): You are not allowed to lose more than 5% of your initial daily balance. This value is the higher of your “Balance” or “Equity” at the beginning of the day. If the sum of your closed or open gains and losses reaches this limit, you are in violation of the rule. The maximum daily loss limit is reset every day at 00:00 CE(S)T/server.
Maximum Loss Limit (Static): During the challenge process, your account “Balance” or “Equity” cannot decrease by more than 10% from its initial value. If you start with a $100,000 account, for example, your “Equity” cannot fall below $90,000 at any time.
Example 1: When did I breach the daily loss limit?
Example VIRTUAL NET EQUITY greater than virtual balance at the beginning of the day:
At the beginning of day 3, your simulation account has $108,000, and the virtual equity is $110,000. Since the virtual equity is greater, the loss limit will be calculated by the equity.
Maximum Loss = $110,000 * 5% = $5,500.
So, your virtual equity cannot fall below $104,500 on day 3 ($110,000 – $5,500). If it exceeds this loss, your simulation account will be closed.
Example VIRTUAL BALANCE greater than virtual net equity at the beginning of the day:
At the beginning of day 6, your simulation account has $102,000 of virtual balance, and the virtual equity is $101,000. Since the virtual balance is larger, the loss limit will be based on the balance
Maximum Loss = $102,000 * 5% = $5,100.
So your virtual capital cannot fall below $104,500 on day 3 ($110,000 – $5,500). If it exceeds this loss, your simulation account will be closed.
Example VIRTUAL BALANCE greater than virtual net capital at the beginning of the day:
At the beginning of day 6, your simulation account has $102,000 of virtual balance, and the virtual capital is $101,000. Since the virtual balance is larger, the loss limit will be based on the balance
Maximum Loss = $102,000 * 5% = $5,100.
Your simulation account cannot have virtual equity below $96,900 on day 6 ($102,000 – $5,100). If this occurs, your account will be closed. Example VIRTUAL NET EQUITY greater than virtual balance at start of day:
At the beginning of day 3, your simulation account has $108,000, and the virtual capital is $110,000. Since the virtual capital is larger, the loss limit will be calculated by the capital.
Maximum Loss = $110,000 * 5% = $5,500.
Your simulation account cannot have virtual equity below $96,900 on day 6 ($102,000 – $5,100). If this occurs, your account will be closed. Example VIRTUAL EQUITY greater than virtual balance at the beginning of the day: At the beginning of day 3, your simulation account has $108,000, and the virtual equity is $110,000. Since the virtual equity is greater, the loss limit will be calculated by the equity Maximum Loss = $110,000 * 5% = $5,500. So, your virtual equity cannot fall below $104,500 on day 3 ($110,000 – $5,500). If it exceeds this loss, your simulation account will be closed. Example VIRTUAL BALANCE greater than virtual equity at start of day: At the start of day 6, your simulation account has $102,000 in virtual balance, and the virtual equity is $101,000. Since the virtual balance is greater, the loss limit will be based on the balance Maximum Loss = $102,000 * 5% = $5,100. Your simulation account cannot have virtual equity below $96,900 on day 6 ($102,000 – $5,100). If this occurs, your account will be closed.
Example 2: When did I breach the maximum loss limit?
If you have a $200,000 simulation account, your Maximum Loss Limit will be 10% of your initial virtual balance:
Maximum Loss Limit = $200,000 * 10% = $20,000.
This means that your virtual balance or virtual equity cannot fall below $180,000 ($200,000 – $20,000) at any time. If your balance falls below $180,000, your simulation account will be closed.
Two-Phase Challenge
Maximum Loss: 10% (Static)
Daily Loss: 5% (Based on the greater of the balance or equity at 00:00 UTC)
What is the time limit to complete each stage?
There is no maximum time limit for each phase. You progress at your own pace, as long as you meet your performance targets and follow the risk management rules. This allows you to focus on consistency and discipline, without the pressure of a deadline to achieve your goals.
We expect you to demonstrate both technical skills and emotional control. Our criteria help you develop good risk management habits, which are essential for success.
What happens if I don’t pass the challenge?
If any rule is violated, the account is automatically terminated. If you want to try again, you can purchase a new account to restart the challenge.
Challenge Rules
Can I trade news and economic events?
No new trades are allowed within 5 minutes before and 5 minutes after the release of a major news story. Any attempt to place a new trade during this period will be considered a violation. Pending orders added but not executed during this period are not affected.
Up to two violations are allowed; however, positive results from such trades will not be counted.
“Take profit” and “stop loss” orders that are triggered from trades opened before the 5-minute window before and after the news story are allowed and do not count as a violation.
Any account with 3 violations will be automatically closed.
Only instruments directly affected by the high-impact news are restricted. For example, USD-related news restricts trading on all USD-denominated pairs, indices, commodities and cryptocurrencies.
Use the Forex Factory calendar https://www.forexfactory.com/calendar to identify applicable high-impact news events (marked with a red folder).
Check the table below for restrictions:
Is there a simulated leverage limit?
The simulated leverage we offer is up to 1:30 and cannot be increased.
Is there a minimum number of trading days or minimum order size requirement?
At least 3 positive trading days must be traded during each phase of the assessment process, ensuring that at least one market position is opened on each of those days.
A day is considered positive when closed positions result in a positive virtual result of at least 1.0% of the simulated starting balance.
These criteria help assess both consistency and discipline, encouraging the development of good risk management habits throughout the process.
What are the daily and maximum drawdown rules?
Maximum Daily Loss (Equity/Equity): You are not allowed to lose more than 5% of your initial daily balance. This value is the higher of your “Balance” or “Equity” at the beginning of the day. If the sum of your closed or open gains and losses reaches this limit, you will be in violation of the rule. The maximum daily loss limit is reset every day at 00:00 CE(S)T/server.
Maximum Loss Limit (Static): During the challenge process, the account’s “Balance” or “Equity” cannot decrease by more than 10% from its initial value. If you start with a $100,000 account, for example, your “Equity” cannot fall below $90,000 at any time.
Examples:
Example 1: When did I breach the daily loss limit?
Example VIRTUAL NET CAPITAL greater than the virtual balance at the beginning of the day:
At the beginning of day 3, your simulation account has $108,000, and the virtual capital is $110,000. Since the virtual capital is larger, the loss limit will be calculated by the capital.
Maximum Loss = $110,000 * 5% = $5,500.
So your virtual capital cannot fall below $104,500 on day 3 ($110,000 – $5,500). If it exceeds this loss, your simulation account will be closed.
Example VIRTUAL BALANCE greater than virtual net capital at the beginning of the day:
At the beginning of day 6, your simulation account has $102,000 of virtual balance, and the virtual capital is $101,000. Since the virtual balance is larger, the loss limit will be based on the balance
Maximum Loss = $102,000 * 5% = $5,100.
Your demo account cannot have virtual equity below $96,900 on day 6 ($102,000 – $5,100). If this occurs, your account will be closed.
Example 2: When did I breach the maximum loss limit?
If you have a $200,000 simulation account, the Maximum Loss Limit will be 10% of the virtual starting balance:
Maximum Loss Limit = $200,000 * 10% = $20,000.
This means that your virtual balance or virtual equity cannot fall below $180,000 ($200,000 – $20,000) at any time. If the balance falls below $180,000, the simulation account will be closed.
Is it allowed to hold positions over the weekends?
Yes!
You can keep operations open over the weekend.
What trading strategies are prohibited?
Avoid the following practices: Gap trading, High-frequency trading, Server spamming, Latency arbitrage, Toxic trade flow, Hedging, Long/Short arbitrage, Reverse arbitrage, Tick scalping, and trading between opposing accounts. It is also prohibited to use third-party copy trading services or let someone else manage your account. These actions will result in your account being blocked.
What is the policy on using signals or copy trading?
It is prohibited to use third-party copy trading services or let someone else manage your account. Such actions will result in your account being blocked.
What are the risk management rules?
Opening a position without a stop loss order or risking more than 2% of the virtual balance of the demo account on a single position will be considered a risk violation.
Traders have up to 3 minutes to protect their trade with a stop loss. If no stop loss is added within this time frame, the trade will be flagged as violated.
Up to 2 violations are allowed, but any positive results from these trades that violate the risk management rules will not be counted.
Any account with 3 violations will be automatically closed.
An “order”, “trade” or “position” refers to any position held on a specific asset. This may include one or multiple entries with similar timing and lot sizes.
Multiple entries on the same asset, made at the same time, will be considered a single trade. If you are found to be engaging in risky behavior or risky strategies, you will not be allowed to advance to the final phase.
Any account with 3 violations will be automatically terminated.
An “order”, “trade” or “position” refers to any position held in a specific asset. This may include one or multiple entries with similar timing and lot sizes. Multiple entries in the same asset, made at the same time, will be considered a single trade. If you are found to be engaging in risky behavior or strategies, you will not be allowed to advance to the final phase.
How long can I be inactive without operating?
Simulation accounts that are inactive for more than 20 days will be suspended. If you have travel plans, please let our support team know in advance so that we can manage your situation and avoid any complications.
Accounts and Plans
What is the account growth plan?
Traders who achieve good results and follow the growth plan have the opportunity to increase their virtual capital by 20% in each cycle and also their share of the rewards to 90%. The virtual capital of the account can reach $1,000,000. To do this, it is necessary:
Requirements:
• Have at least 4 months of operations since the start of the simulation account.
• No challenge has been rejected in the last 4 months.
• Make at least 3 consecutive reward payments of at least 5% of the virtual balance of the account.
• Have a positive virtual balance at the time of the growth request, with all trades duly closed and accounted for.
• Undergo an assessment by the risk management team, who will evaluate your performance and operational behavior to determine eligibility.
Benefits:
• Reward increased to 90% of simulated results.
• Continuous growth of the virtual account with a limit of up to $1,000,000.
• Weekly reward payments for greater financial flexibility.
• Eligibility for performance-based recognition, varying according to individual performance, the size of the virtual account traded and the assessment of the risk management team.
• Eligibility for access to the live simulated phase, varying according to individual performance, the size of the virtual account traded and the assessment of the risk management team.
• Physical trading space: For traders looking to take their performance to the next level, TakeCap offers the opportunity to trade directly from our physical office.
Can I have multiple accounts at the same time?
Yes. We do not place limits on the number of accounts during the Challenge and Verification phases. However, as a Evaluated Trader, there is a virtual capital limit of $400,000 per person or strategy before any capital increase. This limit helps maintain variety and control risk in an appropriate manner.
It is important to remember: you cannot create multiple accounts with different registrations. If we find accounts with the same strategies that together add up to more than $400,000 in virtual activity, we may suspend these accounts as defined in the contract.
If you wish, your simulation accounts can be combined into one, as long as none of them are at a loss at the time of the merger and do not have simulated results pending reward payment.
After the merger, the total virtual amount will be adjusted according to the daily loss limit of 5% and the maximum loss limit of 10%. If you prefer to accumulate your simulated results, it will not be necessary to receive a reward payment before requesting the merger of the accounts.
Contact support to activate the merger of the simulation accounts.
Platforms and Tools
What trading platforms are available?
We offer access to the TradeLocker platform for all our clients. TradeLocker is a modern and easy-to-use platform, ideal for traders of all levels. On the platform, you can trade quickly and securely, using a variety of advanced tools and charts.
For more information, please visit the official TradeLocker website [https://tradelocker.com/](https://tradelocker.com/).
For more information, please visit the official TradeLocker website https://tradelocker.com/ .
You trade all instruments and assets available on your TradeLocker platform. To view all assets, please visit this link https://takecapft.com/instruments-available-for-trading-on-takecap-ft/
- Access the Take Capital for Traders Dashboard: you will see the management options for your simulation account.
- Select Your Simulation Account and Click on “Credentials” to view the access information, copy your account information.
- Click “Start Trading” to be directed to the demo environment. If you prefer, you can also access TradeLocker directly via the link below: https://demo.tradelocker.com/trade
- After confirming that all data is correct, click on “Login” to access the platform.
What are the rules for IP addresses on the platform and the use of VPS or VPN?
When accessing your account, it is essential that the region of the IP address(es) remains consistent. If our team identifies a change in region, we will contact you to confirm this change and request proof.
This measure is intended to protect you from unauthorized access. If you have plans to travel, please inform our support team in advance so that we can manage your situation and avoid complications.
You can use a VPS or a VPN. However, the system may flag your account if it detects anomalies in IP addresses. Therefore, when asked, it is important to provide documentation and proof of ownership.
We recommend using a VPS or VPN that has a static IP address. This will allow you to submit that specific IP to our support team, who can then add it to their whitelist. This way, we avoid unwanted detections of irregularities in your IP address.
Is there technical support for issues with the platforms?
Yes, there is help to resolve issues with the platforms. If you have any questions about TradeLocker, you can seek assistance directly from the platform’s support team. If you need to resolve issues or better understand the tools and charts, specialized support can also help by email at support@takecapft.com
Payment and Reward Payments
What payment methods are available?
You can pay for a challenge account using the following methods:
• Cryptocurrencies
• Credit Card (in the account holder’s name only)
• PayPal (in the account holder’s name only)
Processing times vary depending on the payment method you choose. Fees may vary depending on the payment method and your financial institution.
Please contact our support team if you have any questions or require assistance.
How often can I request reward payments?
Reward reward payments must be requested at the following frequency:
Monthly: The default for all accounts and users.
Biweekly: This option is available to those who pay an additional fee under the challenge model.
Reward Payment Request Requirements:
Minimum Reward Payment: $100
Maximum Reward Payment: There is no maximum limit.
How can I request a reward payment?
To request a reward payment of your rewards, you must be eligible and follow the steps below from your trader dashboard:
1. Log in to your demo account on the platform.
2. Check that there are no active trades on your account.
3. Submit your reward payment request via the trader dashboard.
Reward Payment Processing Time:
Reward Payments will be processed within 3-5 business days after the reward payment is confirmed.
Available Reward Payment Method:
*Cryptocurrencies (such as Bitcoin, USDT)
Important
You will be responsible for any transaction fees associated with processing your reward payment.
Your account will be in read-only mode until the reward payment is complete.
Reward Payment is only available for accounts that have fully verified their KYC.
If your account has been breached, you will not be able to proceed with the reward payment procedure.
Promotions and Benefits
Is there an affiliate program?
Yes!
The affiliate program allows you to receive rewards for every new trader that joins through your unique link. The program is based on monthly performance, and the affiliate level is determined based on the total commissions accumulated within a 30-day cycle. There are four levels and each level has specific requirements.
Affiliates can move up or down a level based on their monthly performance. Staying active and consistent is key to ensuring greater rewards. Becoming an affiliate is completely free, and we offer dedicated support to help you maximize your affiliates’ results. Each commission is clearly recorded, ensuring credibility and trust in the process.
Program Levels:
- Level One
Commissions: 8%
Monthly Commissions Required: $0 - Tier Two
Commissions: 10%
Monthly Commissions Required: $1,001 - Level Three
Commissions: 15%
Monthly Commissions Required: $2,001 - Level Four
Commissions: 20%
Monthly Commissions Required: $5,001
Reaching Level Three or Level Four grants you a free challenge worth up to $100,000 . This challenge can be transferred to someone else, allowing you to give it to another trader or organize a giveaway for your clients.
Participating in the Affiliate Program is a valuable opportunity to increase your commissions, expanding your rewards according to your dedication and performance in the program.
Is there a control system for affiliates?
Yes, track everything in one place: clicks, visits, signups and payments are tracked in a professional and easy-to-use interface. Share your unique link and access ready-made banners for easy promotion. Everything already directs customers to our website.
How are commissions paid to affiliates?
Commissions are made available for reward payment on a monthly basis, with a receiving option that includes cryptocurrencies.
Reward Payments and Promotion Rules:
Minimum reward payment amount: $50.
Paid Promotion: Only organic methods are allowed. Please contact us for prior approval of other methods.
Open to ages 18 and older, with some geographic exceptions and specific sanctions. Check restrictions before signing up.
Is there a rewards program for evaluated traders?
Yes, we offer rewards to approved traders. Once approved, the amount paid to activate the challenge becomes a discount on the purchase of another challenge of the same or greater value. This discount is also available as credit to be received as a reward together with the first valid reward payment.
Support and Contact
How do I contact the support team?
Our support team is always ready to help! Here’s how to contact us:
Email: Send your questions to support@takecapft.com and we will get back to you as soon as possible.
Opening hours
Email and Live Chat are open Monday through Friday from 9am to 5pm (local time).
All sales are final and no refunds will be issued.
If you have any questions about our refund policy, please contact us via email:
support@takecapft.com